Bozzuto Group Secures $27.3M Acquisition Loan For Gables 12 Twenty-One, Arlington Multifamily

The acquisition financing of $27.3 million has been secured by Berkadia for Gables 12 Twenty-One, a 132-unit multifamily property located at 1221 North Pierce Street in Arlington, VA. The loan was obtained on behalf of the buyer, Bozzuto Group.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $27,300,000
• Units: 132
• Address: 1221 North Pierce Street
• Market: Arlington, VA
• Landlord: Bozzuto Group
• Brokers: Brian Gould, Miles Drinkwalter, Patrick Cunningham & Patrick McGlohn - Berkadia
• Loan Type: Acquisition

Berkadia played a crucial role in facilitating the $27.3 million acquisition financing deal for Gables 12 Twenty-One in Arlington, VA. The key brokers involved in the transaction were Brian Gould, Miles Drinkwalter, Patrick Cunningham, and Patrick McGlohn from Berkadia, representing the buyer, Bozzuto Group.